Hannover Re reported a return on equity of 21.1% for the first nine months of 2026, exceeding its financial ambition of greater than 14%. Group net income reached EUR 2,101 million, up 6.9% from EUR 1,965 million in the prior year, keeping the company on track for its full-year target of at least EUR 2.7 billion.

The property and casualty reinsurance segment delivered a combined ratio of 83.7%, below the company's target of less than 87%. P&C reinsurance revenue totaled EUR 11,403 million, down from EUR 12,271 million year over year, with traditional business showing 1.4% growth on a foreign exchange-adjusted basis. The reinsurance service result increased to EUR 1,863 million from EUR 1,717 million despite net large losses of EUR 1,316 million, which came in EUR 470 million below budget. P&C operating profit reached EUR 2,245 million, up 20.2% from EUR 1,868 million.

Life and health reinsurance revenue grew 8.5% to EUR 6,269 million, or 9.5% on an f/x-adjusted basis. The segment's reinsurance service result reached EUR 717 million, up from EUR 671 million, putting it on track for the full-year target of approximately EUR 925 million. L&H operating profit totaled EUR 668 million, a 3.5% increase from EUR 645 million.

Shareholders' equity increased 5.7% to EUR 13,668 million as of September 30, 2026. The company's solvency ratio stood at 242%, above its financial ambition of greater than 200%. Return on investment reached 3.7%, surpassing the target of approximately 3.5%. Total investments grew 5.6% to EUR 70.1 billion compared to year-end 2025.

The investment result for the nine-month period totaled EUR 1,890 million, up 40.4% from EUR 1,345 million in the prior year. Ordinary investment income increased to EUR 2,061 million from EUR 1,822 million. The company's shares closed at $288.80, down 1.43% from the previous close of $293, trading within a 52-week range of $223.40 to $309.20. Investors await 2027 guidance at the company's Investors' Day on November 25.

Hannover Re (HNR1) delivered Q3 results showing strong profitability across both segments with a 21.1% return on equity and operating profit growth in P&C and L&H divisions. Watch for updated 2027 guidance at the November 25 Investors' Day.